Despite unprecedented growth, the global effort to triple renewable energy by 2030 is falling short. The latest tracking report reveals a significant gap in progress, highlighting the need for an annual investment of $1.5 trillion to meet the UAE Consensus energy goals and keep the 1.5°C target within reach.
Governments have a pivotal opportunity to close this gap by setting ambitious, actionable plans in their upcoming NDCs and boosting investment in energy efficiency, storage, and grids. Urgent action is needed to ensure a clean, just and secure future for all.
Despite record-breaking growth, renewables deployment is still way below achieving 1.5°C temperature goals and the global target to triple renewable energy by 2030.
Collective action from governments, individuals, communities, public and private sectors can make a difference and accelerate the pace of renewable energy growth. Political leaders have a chance to drive investment and accelerate the clean energy transition over the next 12 months by setting specific and actionable renewable energy targets in their NDCs and supporting global targets for energy storage and grids.
This letter to world leaders spells out this unique opportunity governments have to Now Deliver Change – it is supported by a global coalition of over 100 stakeholders from industry, finance and civil society.
Despite record-breaking growth, renewables deployment is still way below achieving 1.5°C temperature goals and the global target to triple renewable energy by 2030.
Collective action from governments, individuals, communities, public and private sectors can make a difference and accelerate the pace of renewable energy growth. Political leaders have a chance to drive investment and accelerate the clean energy transition over the next 12 months by setting specific and actionable renewable energy targets in their NDCs and supporting global targets for energy storage and grids.
This letter to world leaders spells out this unique opportunity governments have to Now Deliver Change – it is supported by a global coalition of over 100 stakeholders from industry, finance and civil society.
Meeting the 3xRenewables commitment and achieving the Paris Agreement goals by 2030 will demand a massive, rapid expansion of both grid infrastructure and energy storage capacity. Strengthening electricity grids is not just a technical necessity; it’s a defining action for our shared future. Equally, expanding storage capacity is vital to ensure renewable energy is available when and where it’s needed, helping to meet the 3xRenewables target.
See what actions are needed to ramp up global ambition and implementation.
The first milestone of the ‘Double Down, Triple Up’ campaign was reached at COP28 when world leaders agreed to triple global renewable energy capacity and double energy efficiency by 2030.
It’s Time 4 Action. In the second phase of the campaign we call on governments and policymakers to deliver on their commitment.
The first milestone of the ‘Double Down, Triple Up’ campaign was reached at COP28 when world leaders agreed to triple global renewable energy capacity and double energy efficiency by 2030.
It’s Time 4 Action. In the second phase of the campaign we call on governments and policymakers to deliver on their commitment.
Globally, there is a pressing demand for new energy supplies from renewable sources.
Corporations aim to contribute to limiting global warming by obtaining affordable and clean electricity to lower carbon emissions. Renewable corporate sourcing was established to support these goals. Many companies have pledged to use 100% renewable electricity worldwide (through initiatives like RE100 and 24/7 CFE). This approach has become a significant business opportunity, enhancing the economic competitiveness of corporations and reducing their carbon footprint.
Action on finance, permits, supply chains and grids are urgently required to deploy 11.000 renewable gigawatts by 2030.
GRA’s policy agenda ‘Actions to Deliver 3xRenewables by 2030‘ outlines the core actions needed to achieve the global renewables target.
With GRA’s action agenda, reaching 11.000 GW by 2030 is possible.
Representing global perspectives within the renewable energy and climate change space, this report by the COP28 Presidency, IRENA and the Global Renewables Alliance provides recommendations on the means to triple renewable power generation capacity and double the energy efficiency improvement rate by 2030.
